Global Economy
Sompo International, Willis Towers Watson Forge New Product Partnerships
Sompo International Holdings is partnering with a company that will help increase proactive management of its global casualty portfolio. Willis Towers Watson and a software partner will launch a new ...
COVID Intrigue: Pfizer Accuses Departing Employee of Stealing Vaccine Secrets
Pfizer Inc has sued a longtime employee for allegedly stealing "scores" of confidential documents, including some related to its COVID-19 vaccine, as she prepared to jump to a competitor. In a ...
Travelers Head Toward Cancellation Mode as Omicron Emerges
Some would-be travelers are considering canceling or delaying trip plans in response to fresh curbs prompted by the Omicron variant of the coronavirus, travel agents said on Monday, threatening an ...
As COVID Spread, European P/C Insurers Took Hits but Remained Resilient: AM Best
European property/casualty insurers faced a dip in total average gross written premium and after-tax profit in 2020, but their regulatory solvency ratios remained strong. Pandemic factors generally ...
Generali in Early Discussions About Possibly Buying Credit Agricole Subsidiary
Assicurazioni Generali SpA is in early talks on a possible takeover of Credit Agricole subsidiary La Medicale, as part of plans to expand in European non-life and health insurance businesses, ...
Lloyd’s, Travelers, Other Insurers Lose in JPMorgan Appeal Over Bear Stearns Settlement
New York's highest court ruled on Tuesday that JPMorgan Chase & Co is entitled to insurance coverage for $140 million of a U.S. Securities and Exchange Commission settlement with the former Bear ...
Cyber Insurers Now Requiring Security Steps Along With Higher Premium
Insurers are continuing to take a hard line on underwriting and pricing cyber coverage. While commercial lines prices overall rose 8.9% in the third quarter, cyber premiums increased 27.6%, according ...
U.S. Govt. Wants Appeals Court to Immediately Lift Stay on COVID Workplace Vaccine Rule
The U.S. government asked a federal appeals court to immediately lift a court-ordered stay on a sweeping workplace COVID-19 vaccine rule to avoid "enormous" harm to public health, or alternatively to ...